194c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2013 One airport handling co. Imported a machine on the behalf of our co. On a contractual basis, in this, airport handling co imported the machine nd paid import duty nd all other taxes, nd that co. Raise the bill to our co. charging their service charges say 31000 + import duty that they paid say 76000, now qn is at the time of payment nd for the purpose of 194c, both amt need to considered or only service charges?

@VaibhavJ

@VaibhavJ (Expert)
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01 February 2013 Hey

If Its bifurcated & mentioned that Import Duty paid on behalf of client then no TDS to be deducted on the same.

Thanks!!

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2013 thanx for reply bt my qn. Is wt amt is to be considered for the purpose of checking limit u/s 194c whether service charges or both i.e. Reimburse amt(import duty) too , yeah amt is bifurcated in bill.?

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@VaibhavJ

@VaibhavJ (Expert)
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01 February 2013 hey

only amount on which TDS is deducted to be counted...

Thanks!!